33 billion TRX in TRON Foundation wallets …

33 billion TRX in TRON Foundation wallets …

33 billion TRX in TRON Foundation wallets preparing to unlock on January 1, 2020

On July 1, 2018, shortly after the launch of its main network, the TRON Foundation announced the blocking of the 33,251,807,424 TRX in its possession out of the TRX 100 billion that constituted the initial token emission. January 1, 2020 was selected as the expiration date.

These assets have been distributed across 1,000 addresses that are available for public viewing on the blockchain in order to reduce the risk of hacking, as recently happened with the VeChain Foundation wallet. The deadline has expired almost completely without incident, and the fact of unlocking these funds is not a surprise in itself, but questions remain about what plans the developers have for their further use. The ever-active TRON Foundation and project founder Justin Sun completely ignore this topic..

TRX holders believe in their prudence and expect that the developers will not destroy their creation, simultaneously increasing the TRX’s turnover by half. Given Sang’s love of surprises, it can be assumed that this time too, he will try to trigger the market with an “unexpected” announcement. Some admit that the TRON Foundation will decide to burn at least part of the tokens, as it originally did with 1 billion TRX, leaving the current 33.25 billion for itself..

One of Sang’s surprises likely helped push the price of the BitTorrent token (BTT), TRON’s sister project, from yesterday’s low to a high of 20%. Sun announced on December 29 that BitTorrent will make some acquisition in three days.

33 billion TRX in TRON Foundation wallets ...

He also noted that it will have a positive effect on the TRON ecosystem and TRX itself, however, the rate of the larger token in the last 24-hour period has decreased by 2%..

33 billion TRX in TRON Foundation wallets ...
33 billion TRX in TRON Foundation wallets ...

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